5239 Balsam Street, Arvada, CO


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Square feet



About 5239 Balsam Street

Rare opportunity in Olde Town Arvada. This exceptional property offers an opportunity for future development, boasting a meticulously planned 12-unit townhome project that includes full architectural plans, soil tests, surveys, etc. guaranteeing a solid foundation for your project. Situated in the highly sought-after Olde Town Arvada, this property benefits from its prime location within walking distance of a vibrant array of restaurants, shops, and the convenient Light Rail Station. The existing ranch-style home on the property offers nearly 1,500 square feet of comfortable living space. With 2 bedrooms and multiple spacious living areas, wood-burning stove this home provides a cozy haven for potential tenants. The property also includes multiple barns and storage facilities, catering to various needs and expanding the potential uses of the land. With the potential to generate up to $3,500 a month in rental income.The current owner is open to a partnership, presenting an exciting chance for collaboration on this project. Whether you're an experienced developer looking to join forces or an investor seeking to enter the real estate market, this unique partnership avenue adds another layer of potential.

Features of 5239 Balsam Street

MLS® # IR996440
Price $895,000
Bedrooms 2
Bathrooms 2.00
Full Baths 1
Half Baths 1
Square Footage 1,456
Acres 1.00
Year Built 1904
Type Residential
Sub-Type Single Family Residence
Status Active

Community Information

Address 5239 Balsam Street
Subdivision Arvada
City Arvada
County Jefferson
State CO
Zip Code 80002


Utilities Electricity Available
Parking Spaces 2
Parking RV Access/Parking
Is Waterfront No
Has Pool No


Interior Features Eat-in Kitchen, Open Floorplan, Walk-In Closet(s)
Heating Forced Air
Cooling Ceiling Fan(s)
Fireplace No
Stories One


Lot Description Level
Roof Composition

School Information

District Jefferson County R-1
Elementary Lawrence
Middle Other
High Arvada

Additional Information

Date Listed September 15th, 2023
Zoning SFR
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeColdwell Banker Realty-Boulder

Listing Map

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